The domain of Banking, Financial Services and Insurance is very dynamic and diverse. It faces multiple challenges and concerns that are driving the IT initiatives and deployments within the segment.

With growing competition, the issue of increased productivity and reduced costs has also grown from just simple outsourcing to effective process-oriented partnerships. On this front, the industry requirements vary by geography and IT solution providers are gearing up to offer services that address specific requirements from multiple quarters.

The Insurance industry today is at the forefront of Technological innovation. According to leading analysts, the sector leads in the adoption of the Service Oriented Architecture, both for internal as well as external integration. We are seeing insurers use IT as a business differentiator as opposed to a business enabler of the earlier times. Straight Through Processing, Profile Centric Marketing and Customer Servicing and Compliance have become the real drivers of business and process design. Data warehousing, Business Intelligence CRM etc. are also catalysing business efficiencies today.